I wonder if some people don’t understand that saying anymore. “Get that bag” means getting a full money bag. “Left with the bag” or “left holding the bag” means you have an empty money bag that has been emptied by others.
No, I know what it means. I don’t think it applies here. It would apply to something like a pump and dump scheme, where the people know the bag is already empty, but they fluff it up and try to pass it off on someone else before the whole thing collapses.
That’s not what these companies are doing. They legitimately believe that AI will eventually become profitable and are trying to corner the market and be the dominant player. They WANT the crash. They just want to be the ones that survive it. That’s not the same as trying to leave someone else with the bag at the end of it.
I don’t think that’s really the same. Not being left with the bag means you know already know the bag is empty and pass it on to someone else before they realize it’s empty. Like a pump and dump scheme.
That’s not what these companies are doing. They’re not trying to leave investors holding the empty bag. They are legitimately trying to turn profitable and corner the market.
Just so we are clear the dot com crash was a result of over commercialization and venture capitalization of the World Wide Web (hence “dot com” crash and not Newsgroup crash). The Internet was nearly 30 years old at that point. What became AOL went online in 1985, 8 years before commercial interests were allowed on the WWW, just as one for instance.
I didn’t say AI is going to go away. I said there are many unscrupulous investors that are trying to game the system to take money from suckers knowing full well there is a crash coming and planning to pull out at the top.
A lot of them do know and are planning to be the ones not left with the bag
Thats why they are pumping these IPO valuations
Eh kind of. AI is not going to go away. It’s going to be just like the internet in the early days. With a similar crash to the dot-com crash.
They’re just all trying to be the one that doesn’t go bankrupt during the crash.
trying to be the one that doesn’t go bankrupt during the crash == planning to be the ones not left with the bag
I wonder if some people don’t understand that saying anymore. “Get that bag” means getting a full money bag. “Left with the bag” or “left holding the bag” means you have an empty money bag that has been emptied by others.
I thought “get that bag” was specifically to encourage women chasing money to buy synecdochic luxury purses.
No, I know what it means. I don’t think it applies here. It would apply to something like a pump and dump scheme, where the people know the bag is already empty, but they fluff it up and try to pass it off on someone else before the whole thing collapses.
That’s not what these companies are doing. They legitimately believe that AI will eventually become profitable and are trying to corner the market and be the dominant player. They WANT the crash. They just want to be the ones that survive it. That’s not the same as trying to leave someone else with the bag at the end of it.
I don’t think that’s really the same. Not being left with the bag means you know already know the bag is empty and pass it on to someone else before they realize it’s empty. Like a pump and dump scheme.
That’s not what these companies are doing. They’re not trying to leave investors holding the empty bag. They are legitimately trying to turn profitable and corner the market.
Just so we are clear the dot com crash was a result of over commercialization and venture capitalization of the World Wide Web (hence “dot com” crash and not Newsgroup crash). The Internet was nearly 30 years old at that point. What became AOL went online in 1985, 8 years before commercial interests were allowed on the WWW, just as one for instance.
I didn’t say AI is going to go away. I said there are many unscrupulous investors that are trying to game the system to take money from suckers knowing full well there is a crash coming and planning to pull out at the top.